Advisers and the vendors serving them agree the Internet — first as a communication tool and later as home to numerous hosted applications — is the single most important technology innovation affecting the industry in the last decade.
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
A combination of regulatory developments and court cases since 1998 has molded annuities and insurance products into what they are today — and that development continues.
Wirehouse brokers have had to respond to many changes in the industry in the past decade.
Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
Merrill has hired John Tyers, formerly one of the heads of Bear's defunct clearing and custody business.
Considering that the age of the typical financial adviser is between 52 and 60, it is safe to assume that a tidal wave of advisers will exit the business over the next 10 to 15 years.
If there were a color-coded advisory system for fiduciaries, it now would stand at yellow, flashing “elevated risk.”
During the past decade, 401(k) plans have elbowed defined benefit plans to become the primary retirement vehicle for most Americans.
